Two-Story Mixed-Use
New
For Sale
Contact for pricing
118 S Hershey Rd, Harrisburg, PA 17112
Flexible space supports residential, retail, or professional office use with additional basement functionality.
Property Size1,708 SF
Price / SF$200.23
Days on Market6
Property Features for 118 S Hershey Rd
General Information
Standard status
Active
Size
1,708 SF
Property subtype
OFFICE
Building Details
Buildings
1
Stories
2
Listing Agency:
NAI CIR | Lemoyne
(717) 319-9022
Listed By:
William M. Gladstone, CCIM, SIOR
(717) 319-9022
Source:
Moodyscre
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 4 at 12:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI CIR | Lemoyne
Investment Insights
Based on property information with market context.
This 1,708-square-foot mixed-use property spans two stories and combines adaptable interior space with a partially finished basement. The configuration can accommodate residential living, retail activity, or professional office use, offering several ways to organize the existing footprint.
Located at 118 S Hershey Rd in Harrisburg, Pennsylvania, the property retains the character of a traditional home while providing space suited to a small business or office conversion. The basement adds room for storage, work areas, or future expansion within the existing building.
Located at 118 S Hershey Rd in Harrisburg, Pennsylvania, the property retains the character of a traditional home while providing space suited to a small business or office conversion. The basement adds room for storage, work areas, or future expansion within the existing building.
Key Highlights
- 1,708 square feet of flexible mixed‑use space
- Two‑story building configuration
- Partially finished basement provides additional functional space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $20.04 |
| − Vacancy | −$5.0k | −$2.91 |
| EGI | $29.3k | $17.13 |
| − OpEx | −$7.3k | −$4.28 |
| NOI | $21.9k | $12.85 |
1,708 SF · lease $20.04/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$313.6K
$274.4K – $365.8K
NOI $21,949 @ 7.0% cap · market cap 6.42%
Second Best
Mixed Use
$296.5K
$259.4K – $345.9K
NOI $20,752 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$3.15M
$2.75M – $3.67M
NOI $220,204 @ 7.0% cap · market cap 64.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 17112, PA
37,137
Population
16,026
Households
2.3
Avg Household Size
44
Median Age
44%
College-Educated
95%
High-School Grad
69.6 sq mi
ZIP Area
534
Density / Sq Mi
$101,784
Median Household Income
$55,056
Median Earnings
$1,400
Median Rent
$290,400
Median Home Value
Market
Properties on Market for Mixed-use properties in Dauphin County
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible space supports residential, retail, or professional office use with additional basement functionality.
Where is this mixed-use property located?
The property is located at 118 S Hershey Rd Harrisburg, PA.
What is the asking price?
The asking price for this property is $342,000.
What are key features of this property?
This property features: 1,708 square feet of flexible mixed‑use space; Two‑story building configuration; Partially finished basement provides additional functional space
